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BlackRock Nearing Deal on UBS Mortgage Assets: Report
May 05, 2008Private equity titan BlackRock Inc. [stock BLK][/stock] is in early-stage negotiations with UBS AG [stock UBS][/stock], Switzerland’s largest bank, to take over and manage its remaining U.S. mortgage assets, Bloomberg News reported Monday. UBS has been sent reeling by more than $38 billion in subprime and mortgage-related write-downs in the past 12 months, and is expected to post another hefty loss in first quarter earnings scheduled for release Tuesday morning. Via Bloomberg’s coverage:
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UBS Chief Sees More Stability for Subprime RMBS
Apr 21, 2008 -
Former Goldman Trader to Launch $1 Billion Mortgage Hedge Fund
Apr 17, 2008 -
Merrill Posts Quarterly Loss, $4.3 Billion in Mortgage-Related Writedowns
Apr 17, 2008 -
Double Take: JPMorgan Quietly Raising $6 Billion
Apr 16, 2008 -
Wells Fargo Beats Estimates, Despite Soaring Losses on Junior Liens
Apr 16, 2008 -
Latest Miss: GE Blames Capital Markets for Earnings Woes
Apr 11, 2008 -
No Bottom Here: Pending Home Resales Hit Lowest Levels on Record
Apr 08, 2008 -
Pace of New Home Sales Reaches 13 Year Low
Mar 26, 2008 -
Existing Home Sales Rose Unexpectedly in February
Mar 24, 2008
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